Condensed Consolidated Statements (Tables)

12 Months Ended

Dec. 31, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Consolidated Balance Sheets

Condensed Consolidating Balance Sheet December 31, 2016
	Matador		Non-Guarantor Subsidiaries		Existing Guarantor Subsidiaries		Eliminating Entries			Consolidated
ASSETS
Intercompany receivable	$	316,791	$	3,571	$	12,091	$	(332,453	)	$	—
Other current assets	101,102		4,242		173,838		—			279,182
Net property and equipment	33		113,107		1,071,385		—			1,184,525
Investment in subsidiaries	856,762		—		90,275		(947,037		)	—
Other long-term assets	—		—		958					958
Total assets	$	1,274,688	$	120,920	$	1,348,547	$	(1,279,490	)	$	1,464,665
LIABILITIES AND EQUITY
Intercompany payable	$	—	$	12,091	$	320,362	$	(332,453	)	$	—
Other current liabilities	9,265		16,632		143,608		—			169,505
Senior unsecured notes payable	573,924		—		—		—			573,924
Other long-term liabilities	1,374		602		27,815		—			29,791
Total equity attributable to Matador Resources Company	690,125		90,275		856,762		(947,037		)	690,125
Non-controlling interest in subsidiaries	—		1,320		—		—			1,320
Total liabilities and equity	$	1,274,688	$	120,920	$	1,348,547	$	(1,279,490	)	$	1,464,665

Condensed Consolidating Balance Sheet December 31, 2015
	Matador		Non-Guarantor Subsidiaries		Existing Guarantor Subsidiaries		Eliminating Entries			Consolidated
ASSETS
Intercompany receivable	$	304,573	$	1,463	$	11,928	$	(317,964	)	$	—
Other current assets	289		1,141		125,577		—			127,007
Net property and equipment	—		47,535		964,871		—			1,012,406
Investment in subsidiaries	584,461		—		20,355		(604,816		)	—
Other long-term assets	—		—		1,448		—			1,448
Total assets	$	889,323	$	50,139	$	1,124,179	$	(922,780	)	$	1,140,861
LIABILITIES AND EQUITY
Intercompany payable	$	—	$	11,928	$	306,036	$	(317,964	)	$	—
Other current liabilities	10,066		16,557		110,207		—			136,830
Senior unsecured notes payable	391,254		—		—		—			391,254
Other long-term liabilities	—		343		123,475		—			123,818
Total equity attributable to Matador Resources Company	488,003		20,355		584,461		(604,816		)	488,003
Non-controlling interest in subsidiaries	—		956		—		—			956
Total liabilities and equity	$	889,323	$	50,139	$	1,124,179	$	(922,780	)	1,140,861

Condensed Consolidated Statements of Operations

Condensed Consolidating Statement of Operations For the Year Ended December 31, 2016
	Matador			Non-Guarantor Subsidiaries			Existing Guarantor Subsidiaries			Eliminating Entries			Consolidated
Total revenues	$	—		$	17,302		$	257,828		$	(10,708	)	$	264,422
Total expenses	5,319			7,031			439,947			(10,708		)	441,589
Operating (loss) income	(5,319		)	10,271			(182,119		)	—			(177,167		)
Net gain on asset sales and inventory impairment	—			—			107,277			—			107,277
Interest expense	(28,199		)	—			—			—			(28,199		)
Other expense	—			—			(4		)	—			(4		)
(Loss) earnings in subsidiaries	(64,349		)	—			9,810			54,539			—
(Loss) income before income taxes	(97,867		)	10,271			(65,036		)	54,539			(98,093		)
Total income tax (benefit) provision	(446		)	97			(687		)	—			(1,036		)
Net income attributable to non-controlling interest in subsidiaries	—			(364		)	—			—			(364		)
Net (loss) income attributable to Matador Resources Company	$	(97,421	)	$	9,810		$	(64,349	)	$	54,539		$	(97,421	)

Condensed Consolidating Statement of Operations For the Year Ended December 31, 2015
	Matador			Non-Guarantor Subsidiaries			Existing Guarantor Subsidiaries			Eliminating Entries			Consolidated
Total revenues	$	—		$	6,310		$	316,067		$	(4,344	)	$	318,033
Total expenses	5,739			2,944			1,120,356			(4,344		)	1,124,695
Operating (loss) income	(5,739		)	3,366			(804,289		)	—			(806,662		)
Net gain on asset sales and inventory impairment	—			—			908			—			908
Interest expense	(20,511		)	—			(1,243		)	—			(21,754		)
Other income	—			—			616			—			616
(Loss) earnings in subsidiaries	(658,698		)	—			2,458			656,240			—
(Loss) income before income taxes	(684,948		)	3,366			(801,550		)	656,240			(826,892		)
Total income tax (benefit) provision	(5,163		)	647			(142,852		)	—			(147,368		)
Net income attributable to non-controlling interest in subsidiaries	—			(261		)	—			—			(261		)
Net (loss) income attributable to Matador Resources Company	$	(679,785	)	$	2,458		$	(658,698	)	$	656,240		$	(679,785	)

Condensed Consolidating Statement of Operations For the Year Ended December 31, 2014
	Matador			Non-Guarantor Subsidiaries			Existing Guarantor Subsidiaries			Eliminating Entries			Consolidated
Total revenues	$	—		$	—		$	432,249		$	—		$	432,249
Total expenses	3,389			111			248,418			—			251,918
Operating (loss) income	(3,389		)	(111		)	183,831			—			180,331
Net gain on asset sales and inventory impairment	—			—			—			—			—
Interest expense	—			—			(5,334		)	—			(5,334		)
Other income	—			—			132			—			132
Earnings (loss) in subsidiaries	112,908			—			(94		)	(112,814		)	—
Income (loss) before income taxes	109,519			(111		)	178,535			(112,814		)	175,129
Total income tax (benefit) provision	(1,252		)	—			65,627			—			64,375
Net loss attributable to non-controlling interest in subsidiaries	—			17			—			—			17
Net income (loss) attributable to Matador Resources Company	$	110,771		$	(94	)	$	112,908		$	(112,814	)	$	110,771

Condensed Consolidated Statements of Cash Flows

Condensed Consolidating Statement of Cash Flows For the Year Ended December 31, 2016
	Matador			Non-Guarantor Subsidiaries			Existing Guarantor Subsidiaries			Eliminating Entries			Consolidated
Net cash (used in) provided by operating activities	$	(45,215	)	$	6,694		$	172,607		$	—		$	134,086
Net cash used in investing activities	(324,724		)	(64,683		)	(401,034		)	384,801			(405,640		)
Net cash provided by financing activities	469,654			60,110			322,743			(384,801		)	467,706
Increase in cash	99,715			2,121			94,316			—			196,152
Cash at beginning of year	80			186			16,466			—			16,732
Cash at end of year	$	99,795		$	2,307		$	110,782		$	—		$	212,884

Condensed Consolidating Statement of Cash Flows For the Year Ended December 31, 2015
	Matador			Non-Guarantor Subsidiaries			Existing Guarantor Subsidiaries			Eliminating Entries			Consolidated
Net cash (used in) provided by operating activities	$	(31,271	)	$	13,916		$	225,890		$	—		$	208,535
Net cash used in investing activities	(546,715		)	(31,101		)	(410,843		)	563,505			(425,154		)
Net cash provided by financing activities	577,973			17,353			193,123			(563,505		)	224,944
Increase in cash	(13		)	168			8,170			—			8,325
Cash at beginning of year	93			18			8,296			—			8,407
Cash at end of year	$	80		$	186		$	16,466		$	—		$	16,732

Condensed Consolidating Statement of Cash Flows For the Year Ended December 31, 2014
	Matador			Non-Guarantor Subsidiaries			Existing Guarantor Subsidiaries			Eliminating Entries			Consolidated
Net cash (used in) provided by operating activities	$	(8,607	)	$	431		$	259,657		$	—		$	251,481
Net cash used in investing activities	(172,749		)	(1,763		)	(569,968		)	173,949			(570,531		)
Net cash provided by financing activities	181,328			1,350			312,441			(173,949		)	321,170
Increase in cash	(28		)	18			2,130			—			2,120
Cash at beginning of year	121			—			6,166			—			6,287
Cash at end of year	$	93		$	18		$	8,296		$	—		$	8,407